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Michael Saylor | PBD Podcast | Ep. 212
PBD Podcast
Ethereum and Ripple Are Unregistered Securities
All of these altcoins are unregistered securities. They're all just equity tokens issued by a company in order to get around going public and they're committing securities fraud. The best thing for the world would be if the SEC pretty much shut down all of it. It's all unethical. If you want a crypto asset to be a commodity, you can't rely upon four engineers, a company, a CEO. That's what Satoshi did. He created a protocol, he gave it to the world,. You disclaim beneficial ownership of it, you disclaim control of it, andYou disappear. And that's how Bitcoin was created.
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